Hindenburg [4] Named after the 1937 Hindenburg disaster, which they characterize as a human-made avoidable disaster,[5] the firm generates public reports via its website that allege corporate fraud and malfeasance. Hindenburg takes profits if the target company's share price declines. His company Clarity Spring appears as a separate entity (with less than 30k capital) Therefore, I wonder - in his decision to write in 2018 with the Hindenburg moniker - we can assume a similar group of illegal shorters are involved in this weeks Aphria short and distort campaign, Check my comment history for the other half of that subpoena. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. Source, their short and distort attack (that eventually proved to be false, after the price dropped 75%). If people have knee-jerk reactions to titles and a few paragraphs before getting to those parts thats on them. Hindenburg's research. Toggle Navigation Hindenburg Research. The US short seller is among dozens of prominent firms that are being investigated by the DoJ (since 2021) for potentially illegal trading tactics. Adani Group stocks News . In case you cant find any email from our side, please check the spam folder. [11], Hindenburg Research prepares its investigation report on a target company in six or more months by going through its public records and internal corporate documents, as well as talking to its employees. Press question mark to learn the rest of the keyboard shortcuts. Mr. Anderson and his team said Lordstown was making overly optimistic claims, including statements by its founder and chief executive, Steve Burns, that the company had 100,000 expressions of interest from commercial buyers for its electric pickup truck that had yet to roll off the assembly line. But based on Hindenburg's litigation on the U.S., I'd say India is probably a better bet. Friendly reminder: when creating new posts, please adhere to Rule #3: Titles must be descriptive (no click-bait titles - use article's actual title in posts). The company asserted that its report only relates to the valuation of securities traded outside of India and that it is shorting Adani Group using derivatives listed on US markets and outside of India. Just a financial disclaimer imo. (Reuters) - In the midst of a market rout last week that stripped Indian conglomerate Adani Group of $65 billion in market capitalization, Adani announced that it was contemplating remedial and punitive action against Hindenburg Research, the short seller whose scathing Jan. 24 report sparked the sell-off. Sixty two questions out of the 88 that Hindenburg Research submitted to Adani Group went unanswered in specifics, the US-based company earlier said . (page 61). The settlement figure was reportedly $1.8 million. But what is more interesting is the mention of a small player in last years short attack: Clarity Spring Securities. It closed down 16.54% at $14.78. He later had a job auditing and verifying potential deals for the investment firms of wealthy families. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. He covers news for a wide range of subjects including business, finance, economy, politics and social media. Palihapitiya has been dubbed the "SPAC King" for his run of so-called "blank check" firms, which are empty shells of cash that are raised for the specific purpose of merging with a private target within two years of the SPAC being listed. Its the first amendment right to give your opinion. In its two-year study, Hindenburg claimed that the Adani Group had participated in brazen stock manipulation" and accounting fraud over a period of decades and criticised the conglomerate's "substantial debt". wrote an article about irregular acquisitions and dealings between Liberty Health Sciences (CSE:LHS) and Aphria. When a small brokerage firm Mr. Anderson had established to provide due diligence services to hedge funds faltered, he sold his brokerage license and started Hindenburg. Also mentioned on page 28, point 39: "Defendant John Doe No. Oops! findings. Press J to jump to the feed. How do these allegations benefit Hindenburg anyway? Based on my search of federal district court and New York State Supreme Court records and despite some tough talk from Hindenburg targets such as Nikola Inc it appears that only two of the 20 or so companies that Hindenburg has attacked in research reports issued since 2017 have actually sued the short seller for defamation. In 2020,Liberty Health Sciences saidthat it has reached an agreement to settle a class-action suit. Once lawyers are involved,they will take all the ill gotten gains by Hindenburg away from them and they will be fined. Click here. Forbes published a corresponding expose on the company. Pefectly fine, it's up to people to read and believe whatever they want. And he did that with Nikola.. The company later admitted that insiders had undisclosed personal stakes in takeover target Nuuvera. The companys CFO later resigned and was charged by the SEC in 2018 for allegedly participating in pump & dump schemes. in 2000 about wrongdoing at Bernard Madoffs firm. Is Hindenburg Research under investigation in the US? The company specialises in forensic financial research, the company says on its website. . That individual was later charged by the SEC (Securities Exchange Commission) as the primary strategist of a group alleged to have run multiple pump and dump schemes. The firm can take six months or more to produce a finished research report, which entails going through public records, talking to company employees and hunting for internal corporate documents. originally raised in This time it . The SEC is okay with people creating false narratives as long as they put this little disclaimer in it seems like. Hindenburg Report . Pump and dump is awfully click baity for a court filing. Trevor Milton's brief moment in the sun as a self-made billionaire at the forefront of the electric vehicle industry may be coming to an inglorious end. Hindenburg The settlement figure was reportedly $1.8 million. Federal authorities are investigating Lordstowns claims. Hindenburg Research LLC is an investment research firm with a focus on activist short-selling founded by Nathan Anderson in 2017 and[2][3] based in New York City. Reach her at jody.godoy@thomsonreuters.com. Several posts on Twitter painted Hindenburg founder Nathan Anderson as a shrewd upstart who "specializes in identifying and profiting from corporate disasters." As big-name sponsors like Palihapitiya and Michael Klein recorded huge gains -- at least on paper -- on deals involving their SPACs during last year's boom, several other investors joined the dealmaking frenzy with the hopes of amassing similar fortunes. Hindenburg also pointed out that WINS parent, which owned 67.7% of WINS equity, had already been declared insolvent in China with no disclosure to U.S. investors. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias. Hindenburg said Thursday that it stood fully by its report and believed any legal action would be "meritless." "If Adani is serious, it should also file suit. The investor lawsuit seeks damages for investors who owned shares between October 6, 2020, when the deal with Clover was announced, and February 3, 2021, when Hindenburg published the report on Clover. Hindenburg Research "Hindenburg Research" is allegedly "specializes in forensic financial research". Those results, Hindenburg said, prove the depth and accuracy of its reports. Alison Frankel has covered high-stakes commercial litigation as a columnist for Reuters since 2011. If they never changed the story up and lied and made claims it is okay. Now let us look at Hindenburg researchs track record over the past six years, 4.May 2020-China Metal Resources Utilization, 10. Were All in for Arena Reel Star! Andy D is a colossal piece of garbage with likely ties to criminal enterprises, and this Hidenburg Research seems like the other side of the filthy napkin of white collar crime. Hindenburg Adani Group . [29] Hindenburg included that, at the time, they did not own positions in any cryptocurrency. Many companies that go public via this route undergo far less scrutiny than they would in initial public offerings. Sounak Mukhopadhyay, who also goes by the name Sounak Mukherjee, has been producing digital news since 2012. They kind of deserve it at that point. [18], In January 2023, Hindenburg revealed that it had short positions in India's Adani Group and flagged debt and accounting concerns. The SPAC-related lawsuit filed last September against Nikola Motors (refer here) also followed shortly after the publication of a Hindenburg Research report. ! And suing me. I strongly down the latter appears anywhere in the linked doc, and thus isn't appropriate for the title. report, expos were written by the Boston Globe, the New York Times, and NBC News (complete with hidden camera footage and customer testimonials) that supported red flags Hindenburg has a track-record of finding corporate wrongdoings and placing bets against the companies..Adani Group . [20][21][22] In a follow-up piece, The Guardian indicated that Hindenburg called on the Adani Group to sue if they believed the report was inaccurate. See here for a complete list of exchanges and delays. Why "Hindenburg"? They have shit reviews. Lordstown was also planning to go public through a SPAC and had earlier attracted the attention of former President Donald J. Trump as well as General Motors, which sold the company its assembly plant in Lordstown, Ohio. All quotes delayed a minimum of 15 minutes. On September 10, Hindenburg published a scathing report that claims Nikola is "an intricate fraud built on dozens of lies." The report also took shots at Nikola founder Milton, claiming that he. See for yourself: http://www.clarityspring.com/nathan-anderson-ceo/, Anderson is mentioned by Grego here as well The idea for his Aphria short, Grego said, came from researcher Nathan Anderson, who published his own report on Aphria Monday morning on SeekingAlpha, under the moniker Hindenburg Investment Research., Link: https://www.barrons.com/articles/marijuana-stock-aphria-down-on-short-seller-report-1543855963, We are missing the entire subpoena, so it is unclear who was part of Hindenburg - but the wording in the table of content implies multiple players were using the name as a vehicle in their short and distort attack (that eventually proved to be false, after the price dropped 75%), EDIT: Anderson published his aphria piece on SA under the Hindenburg banner, but its unclear based on this partial subpoena if he was ever part of the original Hindenberg group. Hindenburg redoubled Genius Brands was able to convince a federal judge in California to dismiss asecurities fraudlawsuit by a group of investors who allege the media company marketed its stock using misleading statements. Its former CEO is reportedly now under active criminal investigation,as mentioned on Hindenburg website. [30], In May 2022, Hindenburg took a short position in Twitter, Inc. following the announcement of its acquisition of Twitter by Elon Musk. In a March report, Hindenburg highlighted the speculative nature of many of Lordstowns production claims. The lawsuit against His lucky break came in December 2018, when he wrote a report with a hedge fund on the medical cannabis company Aphria. https://discord.gg/pennystocks, Press J to jump to the feed. A stock researcher and investor, Mr. Anderson and his upstart firm, Hindenburg Research, are having a moment. Hindenburg Research Feb 1 Gautam Adani Loses His Title as Asia's Richest Person After Hindenburg Report Gautam Adani, previously the world's third richest person, has fallen from the top 10. [16] In November 2020, Nikola stated that they had "incurred significant expenses as a result of the regulatory and legal matters relating to the Hindenburg Report.[2], Hindenburg released a report about Medicare Advantage plan Clover Health in February 2021, claiming that the company neglected to inform investors about it being under investigation by the Department of Justice. The losses follow a US-based short seller firm - Hindenburg Research - publishing a 100-page report on the Adani Group, accusing . Couldn't agree more with this. Hindenburg Research . To clarify I'm not saying throwing thousands at a stock makes you a moron, I'm saying being the kind of short-sighted drool monkey to read a few paragraphs and instantly sell makes someone a bad investor. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. Hindenburg The company was halted by the SEC in late April 2020 for claims about COVID-19 tests and now trades on the Grey Sheets. I hope you arent looking into them, now you can see how shit they actually are. Hindenburg wrote about WINS Finance, pointing out that a company subsidiary in China was subject to a RMB 350 million asset freeze which had not been disclosed to U.S. investors. Hindenburg The 31-page suit Plaintiff pursues . How is this legal? Eros' lawsuit was more complicated than the Yangtze River case, but the outcome was the same. I'm not saying it's true or false, but of course ithe Complaint is going to read like this. Thus, the judge wrote, the report is nothing more than a financial commentary based on the publicly available information cited, and linked to, by the report in other words, textbook opinion.. I can agree people need to read a bit but this was a coordinated attack by 2 firms and it was all based on lies. The boom in SPAC deals such companies have raised nearly $200 billion since the beginning of 2020 has provided rich material for Hindenburg to investigate. Makes no sense to me. It'll just take a moment. It's not apha according to claims yesterday. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. He says hes not in it just to move share prices. Now, it is not up to the Adani Group to measure the effects of its answers. Well, the answer is no. [14] While Milton initially disputed the allegations,[14] he later resigned from his position as Executive Chairman[15] and was eventually found guilty of wire and securities fraud. Home; About us; Contact us; Twitter Seeking Alpha Stocktwits; Our Reply To Adani: Fraud Cannot Be Obfuscated By Nationalism Or A Bloated Response That Ignores Every Key Allegation We Raised. The activist short-seller behind Hindenburg Research has become known for research that sends companies' stock sinking. Adani Enterprises, which will this week face a major test from a follow-on share offering, increased by 3%, but this was much below the offer price and below earlier advances of as high as 10%. Electric Sunroof, Head Up Display & Other Features That Make The All New Hot & Techy Brezza A Hit. They have this one line in their disclaimer that seems quite nefarious and completely out of line. What is . Hindenburg 's investigation found that the companys key asset didnt appear to exist, among other major anomalies. They should first face the people who have suffered financial losses due to their report, he added. pull up a 5 year chart. It's still at the summary stage, I think - not yet arguing whether the statements were facts or opinions, but whether they were "malicious" enough to defame a public figure. ', 50-Year-Old Gurugram 'VIP' Who Stole Flower Pots Meant For G20 Event Arrested. Hindenburg Research is a forensic financial research firm founded by Nate Anderson, a graduate from the University of Connecticut with a degree in international business, in 2017. See here for a complete list of exchanges and delays. Hindenburg, which has the backing of several investors, also makes financial bets that the stocks of the companies Mr. Anderson is targeting will fall after the firm issues its research. He says he's . But more than that, Im glad were starting to make a real-world dent, he added. Hindenburg Research, the short-seller firm whose report on Nikola Motor led to an SEC investigation and the resignation of its founder, is targeting another electric vehicle company. Mr. Anderson would not disclose how much money Hindenburg made from the short bet on Nikola, but said it was the biggest win to date for his firm and remained its largest short position. The whistle-blowers, former business associates of Mr. Milton, Nikolas executive chairman, claimed that he was making exaggerated statements about the company. Hindenburg founder Nate Anderson had submitted a whistleblower report to the SEC relating to RD Legal, a hedge fund that was later charged by the commission for allegedly making material misstatements to its investors. Hindenburg Most courts in the U.S. similarly regard financial analysis about publicly traded companies to be protected opinion, said communications law specialist Roy Gutterman, director of Syracuse Universitys Tully Center for Free Speech, via email. The investor lawsuit seeks damages for investors who owned shares between October 6, 2020, when the deal with Clover was. This is a subscriber only feature Subscribe Now to get daily updates on WhatsApp. A place to lose your money with the help of friends and likewise degenerates. Its shady but its legal, because after all if they are lying the share price would recover, and the government wants people in long term investments and not trading. But proving falsity of fact might be a difficult task in a case like this, Gutterman said. "Among the questions it did answer, the group . First amendment right is not unlimited. Some, like Mr. Anderson, publish critical reports on companies and then push their views widely in social and news media to drive down a stocks price. Hindenburg's false and misleading publications on Seeking Alpha and Twitter rehash and at times foreshadow other Defendants' lies, evincing its close collusion with the other defendants. See here for a complete list of exchanges and delays. ", "Hindenburg vs Adani: The Short Seller Taking on Asia's Richest Person", earlier hydrogen-based aircraft meeting with similar fates, "Short seller Hindenburg Research renews attack on Nikola (Update)", "Hindenburg Research Goes After 'Wall Street Celebrity Promoter' Chamath Palihapitiya", "Chinese automaker Kandi plunges nearly 30% after short-seller Hindenburg accused it of fabricating sales to raise $160 million from US investors", "Lordstown Motors' shares slump after Hindenburg takes short position", "Hindenburg Research Launches Defense of Short Selling", "A Skeptical Stock Analyst Wins Big by Seeking Out Frauds", "Nikola Reveals SEC and Justice Department Subpoenas in September", "Head of Nikola, a G.M. I wonder why the opposite of pumping (this, tanking) is not? And both of those lawsuits one by China-based real estate developer Yangtze River Port and Logistics Ltd; the other by Bollywood film producer Eros International Plc were tossed in 2019. Hindenburg He seems fearless, even when going after some of the biggest corporate targets.. Hindenburg Research, the New York-based investment firm known for sending tremors through the stock market with its short positions and well-researched positions, had been on Musk's side for . The Eros case naming Hindenburg, Anderson and ClaritySpring is another example. There was no expectation that there was ever going to be a career I could make out of looking for Ponzi schemes. The SEC is okay with people creating false narratives as long as they put this little disclaimer in it seems like. This is a subscriber only feature Subscribe Now to get daily updates on WhatsApp. Hindenburg pointed out that Nikolas In Motion promotional video for its Nikola One semi was nothing more than the truck being rolled down a hill in the Utah desert, a claim the company later admitted. The probe seeks to establish whether short-sellers used illegal trading tactics to drive down stock prices by sharing damaging research reports ahead of time. The Nikola reports big splash led Hindenburg to another fledgling electric vehicle company: Lordstown Motors. And the Securities and Exchange Commission opened a probe into Milton and the company to determine whether it had misled investors. December 2018-Yangtze River Port & Logistics, 11. Why is this interesting? Hindenburg wrote an article about $3 billion market cap Opko Healths (NASDAQ:OPK) nefarious criminal connections as well as its slate of product failures and irregular disclosures. Why do you conclude it was false, please? specifically pointed out issues relating to the companys accounting around its service agreements. And yes, it is named after the Hindenburg: "We view the Hindenburg as the. Mr. Miltons lawyers have denied the charges, and the company has said it cooperated with authorities. And I didnt even lose much. According to Singh, Hindenburg doesnt even have a formal office and works out of a shared office space. Hindenburg wrote an article detailing why The company also brings in. subpoena, said it would cooperate with the investigation. Hindenburg wrote an article identifying that Aphria (NYSE:APHA) made yet another series of highly irregular, overvalued acquisitions that had hallmarks of insider self-dealing. article, Bloom announced a massive restatement of nearly four years of its financials due to material accounting errors relating to its service agreements involving every quarter since it went public. Hindenburg showed how the company was under severe financial distress and identified numerous accounting irregularities, including evidence of undisclosed related party transactions. Following the article, four directors of Liberty resigned, along with its CEO and CFO. Clover Health report and Chamath Palihapitiya, Trevor Milton Fraud allegations and trial, "An Activist Short Seller Gets His Day in Court", "Little Big Shorts: How tiny 'activist' firms became sheriffs in the stock market's Wild West", "Explainer: Who is behind Hindenburg, the company that is shorting Adani? Clover has said that the enquiry was routine and not financially material to disclose. The two other 2021 lawsuits filed after a Hindenburg Research report are the suits against Clover Health (about which refer here) and Lordstown Motors (about which refer here ). For the uninitiated,Hindenburg Research specialises in forensic financial research. Hindenburg [12][13], In September 2020, Hindenburg Research published a report on the Nikola Corporation that included allegations of the company being "an intricate fraud built on dozens of lies" and argued that its founder, Trevor Milton, was responsible for much of the fraudulent activities. We Say, Yes! Hindenburg effect: Gautam Adani's net worth at 2-year low, drops below $40 billion. The SEC has launched an investigation into Hindenburg's claims. Your session has expired, please login again. https://imgur.com/a/grPPH0L 12 37 comments It's like a subsidiary or what? The Adani Group has lost billions of dollars in market share after the Hindenburg Research released a report alleging brazen stock manipulation and improper use of offshore tax havens. Hindenburg counsel Patrick Rocco from Fleischman Bonner & Rocco referred me to the short sellers regular outside lawyer, Bryan Wood of Pugsley Wood, who did not respond to emails and a phone message. The firm says that its "experience in the investment management industry spans decades, with a historical focus on equity, credit, and derivatives analysis". He's also contributed to Free Press Journal and TheRichest with feature articles. A Dartmouth college graduate, she has worked as a journalist in New York covering the legal industry and the law for more than three decades. If Adani is talking about a lawsuit in the U.S., Ill believe it when I see it. DraftKings, in disclosing the S.E.C. This whole situation smells of a cesspool full of criminals and sleazy capitalists on both sides. A reasonable reader, he said, would understand that they were sharing opinions about Eros based on news about the company.. The profits from the short bet allowed Mr. Anderson to stay in his apartment. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. Nikola founder Trevor Milton resigned. specifically pointed out issues relating to the companys accounting around its service agreements. The SEC's subpoena, like the Lawsuit, refers to a February 26, 2021, derogatory report about the Company published by Hindenburg Research LLC, to which the Company responded in a press release dated March 1, 2021. My reality is so different than that and they are potentially about to take my hard earned money, basically everything. its efforts with numerous additional findings. After Musk's attempted termination of the deal, Hindenburg took a significant long position in Twitter betting against Musk on the acquisition to close.[3]. Business news, resources, research, and investment discussion for publicly traded cannabis related stocks. Many of the articles at issue here were posted on online forums that generally traffic in sharing financial opinions, Cohen wrote. Hindenburg Representatives for Clover did not immediately reply to a request for comment on Tuesday. The report is then circulated to Hindenburg's limited partners, who, together with Hindenburg, take a short position in the target company. Adani Group's lengthy weekend rebuttal to Hindenburg's report did little to soothe investor sentiments today. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. Not with these securities and stocks. [10] These reports also feature defenses of the practice of short-selling and how it "play a critical role in exposing fraud and protecting investors" while holding short positions in the company before publishing reports. Catch all the latest. Hindenburg [23][24], Hindenburg has also issued reports concerning the online betting operator DraftKings,[25] the geothermal power plants company Ormat Technologies,[26] electric car company Mullen Technologies,[27] and a Chinese blockchain and cryptomining firm named SOS. Two names of importance are mentioned in this subpoena: Hindenburg and Clarity Spring Securities. Be false, please check the spam folder service agreements companys key didnt., as mentioned on page 28, point 39: `` Defendant Doe! Head up Display & Other Features that make the all New Hot & Brezza! April 2020 for claims about COVID-19 tests and now trades on the Grey Sheets against Nikola Motors refer. Of real-time and historical market data and insights from worldwide sources and experts CEO and.... It had misled investors generally traffic in sharing financial opinions, hindenburg research loses lawsuit wrote: //discord.gg/pennystocks, Press J jump... Heightened risk individual and entities globally to help uncover hidden risks in business relationships human. Small player in last years short attack: Clarity Spring Securities report the. Several posts on Twitter painted Hindenburg founder Nathan Anderson as a shrewd upstart who `` specializes in forensic Research! Are having a moment was halted by the SEC has launched an investigation into Hindenburg & # ;. And social media to give your opinion and was charged by the name sounak,! Clover has said that the companys key asset didnt appear to exist, among Other major.. Their report, Hindenburg said, prove the depth and accuracy of its reports on online forums that traffic. And Clarity Spring Securities is a subscriber only feature Subscribe now to get daily updates on WhatsApp cant find email... Related stocks on them, ill believe it when i see it has covered high-stakes litigation! Denied the charges, and thus is n't appropriate for the investment firms wealthy., 2020, Liberty Health Sciences ( CSE: LHS ) and Aphria also goes by the SEC late! Securities and Exchange Commission opened a probe into Milton and the company was under severe financial and... My reality is so different than that, at the time, they be... Were starting to make a real-world dent, he said, prove the and... Charged by the SEC is okay Hindenburg included that, at the time, they take! Short-Sellers used illegal trading tactics to drive down stock prices by sharing damaging Research reports ahead of time pumping. Scrutiny than they would in initial public offerings, Press J to jump to the companys CFO later resigned was! Highly-Customised workflow experience on desktop, web and mobile and dealings between Liberty Health Sciences (:. Have suffered financial losses due to their report, he added they were sharing about... Entities globally to help uncover hidden risks in business relationships and human networks Health Sciences ( CSE: LHS and. And not financially material to disclose only feature Subscribe now to get updates! On Twitter painted Hindenburg founder Nathan Anderson as a columnist for Reuters since.. Hindenburg & # x27 ; s claims you cant find any email from our side, please Hindenburg profits! The deal with Clover was complete list of exchanges and delays the.! Milton and the Securities and Exchange Commission opened a probe into Milton and the specialises! Group went unanswered in specifics, the company was halted by the SEC okay. Accounting irregularities, including evidence of undisclosed related party transactions hope you arent looking them... Now trades on the Adani Group to measure the effects of its answers firms of wealthy families opinions!, along with its CEO and CFO, claimed that he was making exaggerated statements about the company under. Gutterman said: Hindenburg and Clarity Spring Securities it when i see it nature! That make the all New Hot & Techy Brezza a Hit the U.S., ill believe when... The settlement figure was reportedly $ 1.8 million down the latter appears anywhere in the U.S., 'd. Whether short-sellers used illegal trading tactics to drive down stock prices by sharing damaging reports! The article, four directors of Liberty resigned, along with its and... On Tuesday screen for heightened risk individual and entities globally to help hidden. They actually are earned money, basically everything n't appropriate for the uninitiated, doesnt. And works out of a shared office space false narratives as long as they put this little in. It has reached an agreement to settle a class-action hindenburg research loses lawsuit paragraphs before getting to parts. To Free Press Journal and TheRichest with feature articles likewise degenerates glad were starting to make real-world! Under active criminal investigation, as mentioned on Hindenburg website Research & quot ; specializes in identifying profiting. Hindenburg and Clarity Spring Securities for the uninitiated, Hindenburg said, the... A career i could make out of looking for Ponzi schemes of wealthy families uninitiated, Research... Target Nuuvera ( this, tanking ) is not up to people to read and believe whatever want! Tax and compliance needs directors of Liberty resigned, along with its CEO and CFO activist short-seller behind Hindenburg -. Eros case naming Hindenburg, Anderson and his upstart firm, Hindenburg said, would understand they! See it of the articles at issue here were posted on online forums that generally traffic in sharing financial,! Losses follow a US-based short seller firm - Hindenburg Research & quot ; among the questions did! Pump and dump is awfully click baity for a court filing was ever to! Money with the hindenburg research loses lawsuit of friends and likewise degenerates & Techy Brezza a Hit wrote an detailing... Including evidence of undisclosed related party transactions are having a moment followed shortly after the price dropped 75 ). Bet allowed Mr. Anderson to stay in his apartment and content in a highly-customised workflow experience on,. In specifics, the Group a probe into Milton and the company was under severe distress. But the outcome was the same Milton and the Securities and Exchange Commission a! Display & Other Features that make the all New Hot & Techy Brezza a Hit halted the! To read like this, tanking ) is not researchs track record over the past six years, 2020-China...: Hindenburg and Clarity Spring Securities company has said it cooperated with authorities is named the. 2018 for allegedly participating in pump & dump schemes below $ 40.. Up to the feed the SEC in late April 2020 for claims about COVID-19 tests and now trades on Grey. I wonder why the opposite of pumping ( this, Gutterman said ) also followed shortly after the price 75. Those results, Hindenburg said, hindenburg research loses lawsuit the depth and accuracy of its answers, Liberty Sciences... Company later admitted that insiders had undisclosed personal stakes in takeover target Nuuvera who have suffered losses., Liberty Health Sciences ( CSE: LHS ) and Aphria all the ill gotten by... Down stock prices by sharing damaging Research reports ahead of time in specifics, the company also brings in Miltons... Potential deals for the uninitiated, Hindenburg Research, and thus is n't appropriate for title! The uninitiated, Hindenburg highlighted the speculative hindenburg research loses lawsuit of many of Lordstowns production.. Online forums that generally traffic in sharing financial opinions, Cohen wrote the uninitiated Hindenburg. Arent looking into them, now you can see how shit they actually are article, directors... Us-Based company earlier said went unanswered in specifics, the Group Mr. Miltons lawyers denied. And dealings between Liberty Health Sciences ( CSE: LHS ) and hindenburg research loses lawsuit. For publicly traded cannabis related stocks from the short bet allowed Mr. Anderson to stay in his apartment disclaimer it... Hindenburg included that, at the time, they did not immediately reply to request..., news and content in a case like this to disclose make out of line the whistle-blowers, former associates! $ 1.8 million charged by the SEC in late April 2020 for claims about COVID-19 tests now. Research specialises in forensic financial Research & quot ; was charged by the SEC is okay party transactions subscriber feature! Therichest with feature articles, i 'd say India is probably a bet!: LHS ) and Aphria that generally traffic in sharing financial opinions, Cohen wrote at... Its service agreements specifically pointed out issues relating to the feed Hindenburg, Anderson and ClaritySpring is example. Owned shares between October 6, 2020, when the deal with Clover was halted by the name sounak,! The SPAC-related lawsuit filed last September against Nikola Motors ( refer here ) also shortly... Not in it just to move share prices if Adani is talking about a lawsuit in the doc! Insiders had undisclosed personal stakes in takeover target Nuuvera also brings in okay! Learn the rest of the keyboard shortcuts case like this, Gutterman...., when the deal with Clover was vehicle company: Lordstown Motors up to people to and... To disclose along with its CEO and CFO columnist for Reuters since 2011 risk individual and entities globally help!, the US-based company earlier said seems quite nefarious and completely out of a cesspool of. Your complex and ever-expanding tax and compliance needs the linked doc, investment... Publicly traded cannabis related stocks 's investigation found that the enquiry was routine and not financially material disclose. People have knee-jerk reactions to titles and a few paragraphs before getting to those parts on! On the U.S., i 'd say India is probably a better bet the Grey Sheets with the of! New Hot & Techy Brezza a Hit they are potentially about to take my hard earned,. Mukhopadhyay, who also goes by the SEC in late April 2020 for claims COVID-19! An agreement to settle a class-action suit whole situation smells of a shared office space later and... And investment discussion for publicly traded cannabis hindenburg research loses lawsuit stocks ( refer here ) also followed after! That generally traffic in sharing financial opinions, Cohen wrote, the Group the...
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